What is Azz Inc worth?
With the base-case assumptions below, a discounted cash flow model on Azz Inc's reported free cash flow gives $470.43 per share. The share price was $137.17 on September 25, 2026, 71% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $279.60 | +104% |
| Base | 15.0% | 9.0% | $470.43 | +243% |
| Bull | 20.0% | 8.0% | $825.75 | +502% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $614.90 | $659.95 | $715.01 | $783.83 | $872.32 |
| 8.0% | $506.37 | $535.58 | $570.11 | $611.54 | $662.18 |
| 9.0% | $427.40 | $447.38 | $470.43 | $497.31 | $529.09 |
| 10.0% | $367.53 | $381.73 | $397.83 | $416.23 | $437.46 |
| 11.0% | $320.68 | $331.09 | $342.73 | $355.82 | $370.66 |
Where the presets come from
Base: years 1 to 5 grow at Azz Inc's revenue growth rate over the last 6 fiscal years (22.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions